What is GDPR and How Does It Affect Your Business and Your Microsoft Technology?

You’ve heard a lot about GDPR but do you know what effect it will have on your data practices?

What is GDPR?
General Data Protection Regulation (GDPR) was instituted to strengthen and protect the privacy rights of individuals. It establishes strict imperatives governing how organizations manage and protect personal data while respecting individual choice. The Regulation has already been passed in the European Union (EU) and its member nations, but it also applies to any organization doing business with EU nations, regardless of where they are located

Individual privacy rights -
GDPR provides enhanced data protection for individuals within the EU by allowing them to access their data and edit it to correct inaccuracies or remove personal information. It will also allow them a say in how their personal data is processed or shared.

Increased accountability –
Public and private companies and organizations that process personal data will be provided with clear instructions about their responsibilities and will be accountable for compliance.

Penalty for non-compliance –
Stiff penalties will be levied for non-compliance. These penalties may include sanctions and substantial fines that will be demanded whether the non-compliance was intentional or inadvertent.

Key GDPR compliance roles and definitions:
There are specific roles defined by the GDPR that are important to keep in mind as you look at your compliance efforts.

Focusing on the above should reveal any changes necessary such as reexamining personal privacy policies, instituting or fortifying data protection controls and procedures for data-breach reporting, implementing highly transparent policies, designing new SOP, and investing in any necessary IT and training.

The following posts in this series will discuss the approaches, recommended practices, and techniques involved in the above steps, and how Microsoft Dynamics GP can support your GDPR compliance. Keep up with BroadPoint's GDPR series for Microsoft users—sign up for updates!

Feel free to contact our Microsoft ERP experts for more information about GDPR and Dynamics GP.